China Deepens the Agricultural Supply Reform

On February 5, the State Council of China published a joint document with the Central Committee of the Chinese Communist Party to promote the reform of agricultural supply structure, Several Opinions of the Central Committee of the Chinese Communist Party and the State Council on Deeply Promoting the Reform of Agricultural Supply Structure and Accelerating the Cultivation of New Driving Forces for the Development of Agriculture and Rural Areas ( Opinions). The Opinionscall for optimizing product and industrial structure, promoting environmentally-friendly production means, expanding new industries, strengthening scientific and technological innovation, and addressing weakness. The Opinionsfurther call on strengthening the reform of rural areas and agriculture, including perfecting agricultural subsidy mechanism, perfecting government input mechanism, increasing loans to agriculture and rural areas, and encouraging local governments and social funds to establish various agriculture and rural area development investment funds.